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Al-Taweel Corporation, which began business in 201Z appropriately uses the installment sales method following data were obtained foe sales during 2017 and 2018 : 2017 2018 Installment sales OR 140,000 OR130, 000 Cost of installment sales 84,000 91,000 Cash collections on installment sales during 2017 55,000 37,000 2018 45,000 Required: Prepare journal entries for 2017 and 2018 to account for the installment sales and cash collections.

Al-Taweel Corporation, which began business in 201Z appropriately uses the installment sales method following data were obtained foe sales during 2017 and 2018 : 2017 2018 Installment sales OR 140,000 OR130, 000 Cost of installment sales 84,000 91,000 Cash collections on installment sales during 2017 55,000 37,000 2018 45,000 Required: Prepare journal entries for 2017 and 2018 to account for the installment sales and cash collections.

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Al-Taweel Corporation, which began business in 201Z appropriately uses the installment sales method following data were obtained foe sales during 2017 and 2018 : 2017 2018 Installment sales OR 140,000 OR130, 000 Cost of installment sales 84,000 91,000 Cash collections on installment sales during 2017 55,000 37,000 2018 45,000 Required: Prepare journal entries for 2017 and 2018 to account for the installment sales and cash collections.
Transcribed Image Text:Al-Taweel Corporation, which began business in 201Z appropriately uses the installment sales method following data were obtained foe sales during 2017 and 2018 : 2017 2018 Installment sales OR 140,000 OR130, 000 Cost of installment sales 84,000 91,000 Cash collections on installment sales during 2017 55,000 37,000 2018 45,000 Required: Prepare journal entries for 2017 and 2018 to account for the installment sales and cash collections.
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